eBay Inc. (NASDAQ:EBAY) – SunTrust Banks lifted their Q3 2016 earnings estimates for eBay in a report issued on Monday. SunTrust Banks analyst R. Peck now anticipates that the firm will post earnings per share of $0.37 for the quarter, up from their prior forecast of $0.36. SunTrust Banks currently has a “Hold” rating and a $33.00 price target on the stock. SunTrust Banks also issued estimates for eBay’s FY2016 earnings at $1.61 EPS.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, July 20th. The e-commerce company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. eBay had a return on equity of 29.12% and a net margin of 22.00%. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period last year, the business posted $0.42 EPS. The company’s revenue was up 5.7% on a year-over-year basis.

A number of other equities research analysts also recently commented on the company. Robert W. Baird reiterated an “outperform” rating and set a $35.00 price objective on shares of eBay in a research report on Saturday. Canaccord Genuity reiterated a “hold” rating and set a $28.00 price objective on shares of eBay in a research report on Tuesday, October 4th. Pacific Crest downgraded eBay to a “sell” rating in a research report on Saturday, October 1st. Deutsche Bank AG upgraded eBay from a “hold” rating to a “buy” rating and increased their price objective for the company from $30.00 to $40.00 in a research report on Wednesday, September 28th. Finally, JPMorgan Chase & Co. reiterated a “hold” rating and set a $34.00 price objective on shares of eBay in a research report on Tuesday, September 27th. Three research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $33.22.

Shares of eBay (NASDAQ:EBAY) traded down 1.63% on Tuesday, hitting $31.43. The company’s stock had a trading volume of 3,602,378 shares. The firm has a market cap of $35.49 billion, a PE ratio of 19.32 and a beta of 1.17. eBay has a 1-year low of $21.52 and a 1-year high of $33.19. The company has a 50 day moving average of $31.92 and a 200 day moving average of $27.29.

Large investors have recently modified their holdings of the stock. FMR LLC boosted its stake in shares of eBay by 183.0% in the second quarter. FMR LLC now owns 21,402,518 shares of the e-commerce company’s stock worth $501,033,000 after buying an additional 13,838,953 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of eBay by 344.6% in the first quarter. Wellington Management Group LLP now owns 11,298,332 shares of the e-commerce company’s stock worth $269,578,000 after buying an additional 8,756,950 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of eBay by 78.9% in the first quarter. Lazard Asset Management LLC now owns 16,144,360 shares of the e-commerce company’s stock worth $385,203,000 after buying an additional 7,117,937 shares during the last quarter. Magellan Asset Management Ltd boosted its stake in shares of eBay by 16.1% in the second quarter. Magellan Asset Management Ltd now owns 42,152,135 shares of the e-commerce company’s stock worth $986,781,000 after buying an additional 5,833,160 shares during the last quarter. Finally, Eaton Vance Management boosted its stake in shares of eBay by 279.0% in the second quarter. Eaton Vance Management now owns 5,687,842 shares of the e-commerce company’s stock worth $133,152,000 after buying an additional 4,187,045 shares during the last quarter. 82.00% of the stock is currently owned by institutional investors.

In other news, VP Brian J. Doerger sold 23,958 shares of the company’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $30.56, for a total value of $732,156.48. Following the sale, the vice president now directly owns 48,605 shares of the company’s stock, valued at approximately $1,485,368.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert Holmes Swan sold 50,000 shares of the company’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $30.65, for a total transaction of $1,532,500.00. Following the completion of the sale, the director now directly owns 425,288 shares in the company, valued at $13,035,077.20. The disclosure for this sale can be found here. Company insiders own 7.40% of the company’s stock.

About eBay

eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company helps in enabling commerce on its platforms for buyers and sellers online. The Company has an open source platform that provides software developers and merchants an access to its application programming interfaces for developing software and solutions for commerce.